90803 Market Update: June 2016

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June 2016 Real Estate Market Update for the 90803 Area of Long Beach

The 90803 market update includes the neighborhoods of Belmont Shore, Belmont Park, Belmont Heights, Naples, the Peninsula, Bluff Park, Bluff Heights, Spinnaker Bay and Spinnaker Cove, University Park Estate, and Bixby Village

While May brought peak home prices for much of Long Beach, in 90803, the median May 2016 home price of $915,450 was 20.4% lower than it was last May.

The median sale price of single family homes in 90803 has fluctuated greatly in recent years. At $915,450 in May 2016, the median price has actually dropped 20.4% from a year ago in May. Fluctuations in price are not unusual in 90803 and home prices in the area are still substantially higher than for Long Beach overall. As of May 2016, the median home price in Long Beach was $565,000.

There were 78 active listings in May 2016. Though 90803 has experienced a lot of fluctuation in the number of active listings, the number is up 13% from May 2015 and up slightly from April 2016.

Though inventory in Long Beach is very low, the supply of homes for sale in 90803 is fairly balanced. There was a 4.3 month supply of homes on the market in May 2016, which reflects a 10.3% increase from the year prior in May. Since February 2016, inventory has climbed in 90803.

Condominiums in 90803

Condominium prices in Long Beach have fluctuated a lot in recent years. In May 2016, the median price of condos in Long Beach was $452,450, which is up 5% from the year prior in May.

Active listings have been increasing since March 2016 in 90803. There were 38 active listings in May 2016, which is an 8.6% increase from the year prior in May.

Condominium inventory in Long Beach is lower than the supply of single family homes. In May 2016 there was a 2.9 month supply of condos. Compared to a year ago in May, inventory has not changed. However, in March 2016 there was just a 1.8 month supply, which is extremely low.

Recently Sold Homes and Homes in Escrow in 90803

$5,695,000
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
4,622
SQFT
5436 E The Toledo
Long Beach, CA 90803
Naples (NA) Subdivision
$4,395,000
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
3,970
SQFT
6086 Lido Lane
Long Beach, CA 90803
Naples (NA) Subdivision
$2,149,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,271
SQFT
44 Rivo Alto Canal
Long Beach, CA 90803
Naples (NA) Subdivision
New Listing - a week online
$2,100,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,819
SQFT
192 Rivo Alto Canal
Long Beach, CA 90803
Naples (NA) Subdivision
$1,895,000
Single Family Home For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,738
SQFT
138 Rivo Alto Canal
Long Beach, CA 90803
Naples (NA) Subdivision
New Listing - 3 weeks online
$1,800,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,701
SQFT
5700 Spinnaker Bay Drive
Long Beach, CA 90803
Spinnaker Bay (SY) Subdivision
New Listing - 3 weeks online
$1,699,000
Multi-Family For Sale
Active Under Contract
0.056
ACRES
LOS ANGELES
COUNTY
6514 E Ocean Boulevard
Long Beach, CA 90803
 
New Listing - 4 weeks online
$1,584,500
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,503
SQFT
308 Moonstone
Long Beach, CA 90803
Spinnaker Bay (SY) Subdivision
$1,350,000
Condo For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
2,386
SQFT
234 Lindero Avenue
Long Beach, CA 90803
Other (OTHR) Subdivision
$1,347,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,843
SQFT
249 Tivoli Drive
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,279,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,641
SQFT
5380 E Appian Way
Long Beach, CA 90803
Belmont Park (BP) Subdivision
New Listing - a week online
$1,250,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,481
SQFT
127 Pomona Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
New Listing - 3 weeks online
$1,250,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,469
SQFT
288 Glendora Avenue
Long Beach, CA 90803
Belmont Park (BP) Subdivision
$1,219,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,770
SQFT
22 Prospect Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,215,000
Multi-Family For Sale
Active Under Contract
0.0663
ACRES
LOS ANGELES
COUNTY
162 Park Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,185,000
Townhouse For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,600
SQFT
5640 Azure Way
Long Beach, CA 90803
Spinnaker Cove (SC) Subdivision
$1,150,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,240
SQFT
218 Nieto Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$999,999
Single Family Home For Sale
Active Under Contract
3
BED
1
TOTAL BATHS
1,305
SQFT
110 Saint Joseph Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$999,999
Multi-Family For Sale
Active Under Contract
0.07
ACRES
LOS ANGELES
COUNTY
208 Nieto Avenue
Long Beach, CA 90803
Belmont Shore - BSD Subdivision

Bottom Line

The real estate market in 90803 is hot right now! Whether you’re looking to buy or sell, now is a great time. If you’re thinking about putting your condo on the market, now is an especially good time as inventory is fairly low. If you’re thinking about buying or selling, give us a call or fill out the form below and we’d be happy to help!

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